Less than you might think. In most cases, an automobile accident lawyer will charge a contingency fee, which is collectible only if there is a favorable judgment or settlement in your case. In Florida, the use of contingency fees by lawyers is strictly regulated. There must be a signed written fee agreement specifying the percentage of the recovery the lawyer is entitled to keep. In general, the percentage is fixed, but is often raised in the event the case is re-tried or appealed to a higher court. Hiring an automobile accident lawyer on a contingency fee basis can enable you to retain his or her services without having to pay any money up front. It also functions as a strong incentive for your lawyer to maximize the size of your recovery.
According to the rules of professional conduct governing Florida lawyers, contingency fees are calculated as follows:
- 1/3 of any recovery up to $1 million, provided the case settles before the filing of an answer or the appointment of an arbitrator
- 40 percent of any recovery up to $1 million, if the case is concluded at any time after the filing of answer through the entry of judgment
- 30 percent of the recovery between $1 million and $2 million, in addition to any recovery above
- 20 percent of the recovery above $2 million, in addition to any recovery above
To learn more about contingency fees, contact an automobile accident lawyer at Clark & Martino, P.A. Our personal injury law firm in Tampa is committed to seeking justice on behalf of seriously injured people.